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Argentine stock market falls, pressured by leading stocks

BUENOS AIRES, Apr 20 (Reuters) – Argentina’s stock market traded lower in early trading on Tuesday on sales led by heavily weighted stocks, amid a market mindful of the economic consequences of new restrictions to halt the advance of the second wave of coronavirus.

The S&P Merval index of Buenos Aires lost 0.57%, to 47,753.6 points, at 11:05 a.m. local time (1405 GMT), after advancing almost 2% in the previous two wheels. The shares of the oil giant YPF fell 0.97%.

Another point of interest is centered on the lengthy renegotiation of debt with the International Monetary Fund (IMF), while it is expected to reschedule an imminent maturity with the Paris Club.

(Reporting by Jorge Otaola; Edited by Nicolás Misculin)

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